Apple to power AI servers with its chips, Bloomberg News reports
(Reuters) – Apple will deliver some of its upcoming artificial intelligence features this year through data centers powered by its…
Category: Business
Google DeepMind unveils next generation of drug discovery AI model
By Martin Coulter LONDON (Reuters) – Google Deepmind has unveiled the third major version of its “AlphaFold” artificial intelligence model,…
Pfizer agrees to settle over 10,000 Zantac lawsuits, Bloomberg News reports
(Reuters) -Pfizer has agreed to settle more than 10,000 lawsuits about cancer risks related to the now discontinued heartburn drug…
Grayscale’s application for ethereum futures ETF withdrawn
(Reuters) – Crypto asset manager Grayscale Investments’ proposal for an exchange-traded fund tied to ether futures was withdrawn last week,…
Shopify’s downbeat revenue growth forecast sends shares to six-month low
By Harshita Mary Varghese (Reuters) – Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against…
Lyft forecasts strong quarterly earnings as ride-hailing demand picks up
By Yuvraj Malik (Reuters) -Ride-hailing company Lyft projected higher-than-expected gross bookings and core profit for the current quarter on Tuesday,…
Amazon unveils first electric seaport trucks amid push to slash tailpipe emissions
By Lisa Baertlein LOS ANGELES (Reuters) -Amazon.com on Tuesday unveiled the first of a dozen Volvo electric big rigs it…
Rivian sticks to production forecast below Wall Street targets
By Akash Sriram and Abhirup Roy (Reuters) -Electric-pickup maker Rivian on Tuesday stuck to a 2024 production forecast well below…
Reddit’s strong forecasts spark share surge after first results since IPO
By Aditya Soni (Reuters) -Reddit said it could post an adjusted profit in the second quarter thanks to its booming…
Axon raises full-year revenue forecast on strong demand for its software products
(Reuters) – Axon Enterprise raised its full-year core profit and revenue forecast Monday, banking on strong demand for its software…